MAN Infraconstruction Limited announced the retirement of its Non-Executive Non-Independent Director, Mr. Berjis Desai (DIN: 00153675), at the 24th Annual General Meeting held on August 12, 2026. Mr. Desai did not seek re-appointment due to his new role as a Member of the National Commission on Minorities. The Board of Directors has decided not to fill the resulting vacancy, citing provisions of the Companies Act, 2013. The company expressed sincere appreciation for Mr. Desai’s contributions.
Director’s Retirement and Board Vacancy
MAN Infraconstruction Limited has officially informed the stock exchanges regarding the retirement of a key board member. Mr. Berjis Desai (DIN: 00153675), serving as a Non-Executive Non-Independent Director, retired by rotation at the company’s 24th Annual General Meeting (AGM) held on August 12, 2026. Mr. Desai chose not to seek re-appointment upon his retirement due to his recent appointment as a Member of the National Commission on Minorities by the Government of India.
Board’s Decision on Vacancy
Following Mr. Desai’s retirement, the Board of Directors has made a strategic decision not to fill the vacancy created on the Board. This decision is in accordance with the provisions stipulated under Section 152 of the Companies Act, 2013. The company has duly recorded the cessation of Mr. Desai’s directorship at the conclusion of the AGM on August 12, 2026, based on the scrutinizer’s report from the AGM voting results.
Appreciation for Contributions
The Board of Directors has extended its sincere appreciation to Mr. Berjis Desai for his significant contributions and valuable stewardship during his tenure as a member of the Board. The company acknowledged his dedication and the insights he provided throughout his term.
Disclosure Details
As required by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, detailed information concerning this change has been provided. The reason for the change is Mr. Desai’s retirement and decision not to seek re-appointment. The date of cessation was August 12, 2026. Brief profiles and relationships between directors are not applicable in this instance.
Source: BSE
